Arkansas § 22-3-1903 Loans

Arkansas Statutes

§ 22-3-1903 — Loans

Arkansas § 22-3-1903

Title22

This text of Arkansas § 22-3-1903 (Loans) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 22-3-1903 (2026).

Text

(a)Under the Sustainable Building Design Program for State Agencies, the Building Authority Division may authorize money to be loaned from the Sustainable Building Design Revolving Loan Fund to a state agency, board, or commission.

(b)A loan made under subsection (a) of this section shall be:

(1)For a renovation of state-owned property; and (2) In an amount that exceeds two hundred fifty thousand dollars ($250,000).

(c)(1) The division shall credit an origination fee to the Building Authority Division Maintenance Fund for expenses associated with the administration of the program.

(2)The term for repayment of the loan may not exceed ten (10) years.

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(a) Under the Sustainable Building Design Program for State Agencies, the Building Authority Division may authorize money to be loaned from the Sustainable Building Design Revolving Loan Fund to a state agency, board, or commission. (b) A loan made under subsection (a) of this section shall be: (1) For a renovation of state-owned property; and (2) In an amount that exceeds two hundred fifty thousand dollars ($250,000). (c) (1) The division shall credit an origination fee to the Building Authority Division Maintenance Fund for expenses associated with the administration of the program. (2) The term for repayment of the loan may not exceed ten (10) years.

Legislative History

Amended by Act 2019, No. 910,§ 6224, eff. 7/1/2019. Amended by Act 2015EX1, No. 8,§ 54, eff. 7/1/2015. Amended by Act 2015EX1, No. 7,§ 54, eff. 7/1/2015. Acts 2009, No. 1372, § 1.